Where Next for GBP/EUR Exchange Rates?

Brexit vote

GBP/EUR rates have remained flat during Wednesday morning’s trading, following yesterday’s positive move for Sterling. UK manufacturing data released yesterday morning was better than expected and helped boost the Pound’s levels, moving through 1.21 on the exchange against the EUR. Whilst rates have levelled out this morning it does seem as if GBP may gain some momentum in the short-term, as the Eurozone are still fighting deflation rumours and the possible knock on effects this may have on the region’s economies.

Anyone with a GBP/EUR requirement should be keeping a close eye on tomorrow’s BoE interest rate decision and monetary policy statements. These are seen as key data releases and any deviation from the anticipated results is likely to cause additional volatility for GBP/EUR rates.

If you do have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our rates with your current provider, then please feel free to
contact me directly at [email protected].